The era of buyers in the real estate sector has finally come. This bill was making rounds in the previous two parliament sessions and has now reached on the final step. With the Lok Sabha to give a final word on the same, there will then be a sudden filtration process which will become visible where all the dishonest players in the sector will become eradicated. This will act as a perfect relief provider for the potential buyers who will now be able to blindly trust this sector.

Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.